Word: debts
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Dates: during 1990-1999
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...drop in slaughterhouse capacity, has pushed the price of pigs down to levels not seen since the Depression. "It's a lethal mixture," says Al Tank, CEO of the National Pork Producers Council. Across the South and Midwest, farmers are losing thousands of dollars a day, drifting deeper into debt and near bankruptcy; fully 20% could be belly-up by spring. A government forecast on the hog supply last week promised little relief. "It's the most serious agricultural crisis in this century for an individual commodity," says Gilbert Hollis, a professor at the University of Illinois. The industry, which...
...that fading breed; he owns 650 sows in Walstonburg, N.C., and unlike corporate megafarms, isn't blessed with deep pockets. In the past year Bailey has had to use most of his savings just to stay afloat, and he still racked up $35,000 in additional debt. "We're slowly going broke," he notes. "The [meat] packers are making a killing...
Psst! Want to expand overseas--cheap? Well, Mr. or Ms. American Executive, have we got a deal for you! How about a plant to make vans in Thailand? Or perhaps a piece of a debt-burdened South Korean electronics firm? Or some Japanese real estate, seized by banks as collateral on defaulted loans? Hurry, hurry! These deals may not last...
Other U.S. firms are trying to enter or expand in Asia by forming new joint ventures or buying pieces of debt-burdened local companies. Motorola, for instance, has recently acquired 51% of South Korea's Appeal Telecom. That strengthens its competitive position against giant Samsung...
...list every 18 months, finding translators on her walks in town as readily as she does phoning area schools. In 1959 she told Charleston's News and Courier: "I have got so much satisfaction and happiness by trying to help people in distress. This is my repaying of my debt [to America...